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Author Topic: Revostock Payments  (Read 60017 times)

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« Reply #100 on: September 29, 2015, 12:24 »
+2
It sounds like even more excuses and a lot of financial mismanagement.


« Reply #101 on: September 29, 2015, 17:29 »
0
Yeah I also deleted mine. Moving on. He's bassically asking for someone to buy his troubled shop and for us to remain there so it has some value? I wonder how much debt he has, but he probably thinks that debts to his contributors isn't really a debt.
« Last Edit: September 29, 2015, 17:33 by ccbcc »

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« Reply #102 on: October 02, 2015, 02:06 »
0
I contacted him on Facebook and he paid me the amount within the day. It was $122 so not sure if the bigger payments will work as mine is a relatively small sum. I have since found though that I cannot log into my account which is quite worrying.
« Last Edit: October 02, 2015, 02:43 by Herg »

« Reply #103 on: October 02, 2015, 04:40 »
0
The entire Producer News section seems to be gone, including the post I quoted a few days ago.  :o

« Reply #104 on: October 02, 2015, 08:05 »
0
The entire Producer News section seems to be gone, including the post I quoted a few days ago.  :o

Have you deleted your account? Producer News doesn't show up if you're not logged in.

« Reply #105 on: October 02, 2015, 09:13 »
0
I asked them to delete it but I can still login. Do you see the Producer News section?

« Reply #106 on: October 02, 2015, 09:26 »
0
Yep, can still see it from the Producer Tools dropdown.

http://www.revostock.com/ProducerNews.html

« Reply #107 on: October 02, 2015, 13:34 »
0
That is strange! I deleted all my clips but can still access my account and all settings. Ah well, it's no big deal, I'm done there.

« Reply #108 on: October 03, 2015, 08:06 »
+1
Good thing I read all this...I applied but there's no way I'm uploading my clips if there's a chance that the big boss will use my money for his own issues.


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Phadrea

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« Reply #109 on: October 04, 2015, 13:05 »
0
Well I can no longer get into my account. It won't accept my username and password anymore. Very worrying as my files are still making the odd sale.

« Reply #110 on: October 21, 2015, 01:03 »
+2
Looks like it's the end of Revostock. The URL leads you to a message from Graig. But there is no info on outstanding payments or what is happening to our portfolios. I've tried to send them an e-mail, but they're bouncing back. Nice way to deal with the people who have been the heart of your business for many years!

« Reply #111 on: October 21, 2015, 03:33 »
0
So what should we do now?

Is this his profile?
https://www.facebook.com/craig.lillard?fref=ts

« Reply #112 on: October 21, 2015, 06:39 »
+1
That's a shame, I was owed around $120 but was holding out hope that he might find an investor. Revo sales were always very sporadic for me, it's as if it never really took off but i did sell from time to time. I did have a glimmer of hope that he might find an investor as i knew that he had nearly 10 years worth of portfolio and a lot of Microstock companies starting out would love to be an a position to have such a port on their site, which makes me wonder even more how he couldn't make it in the end.

Good luck to the people who are owed much larger amounts, hope it gets sorted in the end.

att

« Reply #113 on: October 21, 2015, 08:01 »
0
about $700  :'(

« Reply #114 on: October 21, 2015, 08:54 »
0
Is Craig there ????

What's up with important non paid royalties amounts (revostock authors) ????

« Reply #115 on: October 21, 2015, 09:00 »
0
I still hope that "they" pay our money

« Reply #116 on: October 21, 2015, 10:03 »
+1
I'm owed well over $1,000 and it would be interesting to see if ex-authors can take action? It's likely he owes more than $100,000 so it's likely he won't be able to pay in any near future.

« Reply #117 on: October 21, 2015, 11:25 »
+2
Nearly $ 300 loss. I think I'll get a lawyer  :(
« Last Edit: October 21, 2015, 12:12 by hkmedia »

« Reply #118 on: October 21, 2015, 11:56 »
0
about $700  :'(

Somewhere between $800-900 here.  :'(

« Reply #119 on: October 21, 2015, 14:22 »
0
About 750 $. >:( I don't think he will pay us guys.unfortunately :'(

« Reply #120 on: October 22, 2015, 02:42 »
0
so, did they kick the bucket for good ? 170$ for me

« Last Edit: October 22, 2015, 03:05 by ammit »

« Reply #121 on: October 22, 2015, 10:47 »
+1
$4400

they owe me $4400.

« Reply #122 on: October 22, 2015, 14:35 »
0
Around $2K which was requested back in May plus another $1K earnings I hadn't bothered moving into the joke that was the 'withdrawal account'.

Emails are inactive, they've gone into hiding. Does anyone know if they've been declared bankrupt?

Tip for anyone starting up their own marketplace don't spend contributors' money! :P


« Reply #123 on: October 22, 2015, 20:14 »
+2
They owed me $80. No big deal but you people with these kinds of unpaid revenue my condolences to ALL OF YOU! This is a flippin hard enough industry to make a dime and to see some of these amounts is extremely shameful and illegal.   

« Reply #124 on: October 23, 2015, 04:21 »
0
I am owed around $400 but hard to tell as they hold all of the stats now. I only have a rough estimate from my spreadsheet that gets near that.

I OCRd the Text Image placeholder at the site:

"Unfortunately, there is never a good time to end a business, especially one that has been around almost 10 years as RevoStock has. I started RevoStock in 2006, excited about bringing the microstock idea to the world of video. Along the way, Revo brought many firsts including the first site to succesfully offer both audio and video, the first site to sell After Effects Templates and the first site to offer FlexFile custom encoding. We stayed a small company but were able to grow fast in spite of the fact that we did not have any outside funding.

However, starting in 2012, our struggle with a Patent Troll (a company that buys or acquires broad patents they can use to sue as many companies as possible) was the beginning of a very difficult period our small company simply was not able to rebound from. While the lawsuit was dismissed after 2 years, the scars left from this struggle made it equally difficult to get the funding we needed to recover and thus continue growing and innovating. If you are not familiar with the unfair damage Patent Trolls are causing to small companies like ours, I encourage you to watch John Oliver's (HBO) recent piece unmasking the ways Patent Trolls kill small businesses and stifle innovation.

I am deeply grateful to our talented producers who, following this suit, gave us a chance at recovery and I am very sorry we were not able to see it through. Thank you so much for your talent. I know how much time, effort and trust you have put into me and RevoStock and while I labored until the end to deliver a solution, I deeply regret that it wasn't possible. I am also thankful to all of the customers who have supported us all these years and come to us for your stock media needs. Thank you so much for choosing us. It has been an honor to serve you and interact with you. The last few months have been rocky for us and I hope our reputation might stand on our previous nine years of service.

We are currently working on securing a partnership for both our RevoStock producers and customers with one of the many other quality media marketplaces that will honor your current relationship with RevoStock in the best way possible. We will be sending out an email to this effect as soon as there are more details to be had.

- Craig Lillard (Founder, RevoStock) "



It will be interesting what that partnership looks like and if we will have access to retroactive payments.  Our content has been used and clients were charged for it. They should have never used contributor payment as a means for sustainability.   This is a really awful situation and having complete site blackout is unnerving.    Maybe Revo will be absorbed by a bigger competitor and have it as a side collection. I highly doubt payments outstanding will be honored now.  My guess is that Craig is filing Chapter 11 as so to gain the protections it grants.

Sad state of affairs I feel bad for all involved as no real solution was found to keep it afloat.  :'(


 

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